EUR/USD, Technical Analysis – H1

The pair is currently undergoing a moderate upward correction in both pace and magnitude. Despite substantial room for growth (up to 1.1600–1.1610), bulls continue to take profits at each new local high, which immediately triggers pullbacks. This pattern is likely to persist in the near term.

Key Levels: 

□ 1.1540 – key support / pullback zone  

□ 1.1570 – intermediate resistance  

□ 1.1600 – primary upside target  

□ 1.1610 – extended resistance  

? Primary Scenario:

Rise toward 1.1570, followed by a correction to 1.1540, and then a new upward wave targeting 1.1600.

? Alternative Scenario: 

Direct recovery toward 1.1600 without a significant pullback.

⚖️ Analyst Commentary:

The euro is receiving support from the broad weakening of the US dollar against major currencies.